The Panama Maritime Authority (PMA), through its Directorate General of Merchant Marine (DGMM), held a roundtable with the International Association of Recognized Organizations (IARO) to modernize and align Panama’s Ship Registry regulations with global market demands.

The meeting gathered PMA officials and top classification societies to address industry challenges such as maritime safety, environmental protection, and the need for a transparent regulatory framework. DGMM Director Ramón Franco emphasized that Panama’s Registry must act as one team, with the PMA, maritime lawyers, and Recognized Organizations working together to boost competitiveness.

IARO President Santiago Torrijos Oro highlighted that these reforms, while ambitious, are essential to maintain Panama’s position as one of the world’s most prestigious flags.

This joint effort reaffirms Panama’s leadership in global merchant shipping and strengthens shipowners’ confidence in its flag.

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